• Agogo FPSO’s carbon capture and storage system begins operation offshore Angola, a global first for oil production vessels
• The vessel produced first oil in 2025 and is under a 15-year charter with stable revenue implications
• The milestone strengthens Angola’s strategy of balancing oil output with emissions reduction as investors and regulators focus on cleaner energy

Angola has taken a lead in offshore decarbonization after the Agogo Floating Production Storage and Offloading vessel (FPSO) began operating a carbon capture and storage (CCS) system while producing oil offshore, the first time such technology has been deployed in real production conditions on a floating oil platform.

The system, developed in collaboration between Azule Energy, Yinson Production and Carbon Circle, captures carbon dioxide from the FPSO’s operations before it can be released into the atmosphere. It uses an advanced amine-based solvent (CESAR1) designed for efficient capture with lower energy needs, a key innovation for offshore conditions where space and power are constrained.

The Agogo Floating Production Storage and Offloading vessel (FPSO), has successfully activated a carbon capture system onboard the facility. The system traps carbon dioxide produced during oil and gas operations before it is released into the atmosphere.

Unlike traditional carbon capture projects located on land, this system operates in a floating offshore environment where space is limited and technical conditions are more complex.

The Agogo FPSO is part of the Agogo Integrated West Hub project in Block 15/06 offshore Angola, a deepwater development that includes the Agogo and Ndungu fields. The vessel produced first oil on 29 July 2025, four months ahead of schedule, an important milestone marking the start of commercial production and revenue flow.

Following first oil, the FPSO entered a 15-year firm charter agreement with Azule Energy after the issuance of a Provisional Operational Readiness Certificate in August 2025. The contract, valued at more than USD 5 billion, underpins long-term revenue predictability for Yinson and operational certainty for Angola’s oil sector.

The FPSO has a production capacity of around 120,000 barrels per day and storage capacity of 1.6 million barrels, supporting Angola’s efforts to maintain offshore output.
The Agogo CCS system demonstrates that oil production and emissions reduction technologies can co-exist on the same offshore asset, a key concern for investors and regulators increasingly focused on environmental performance.
Angola is one of Africa’s largest oil producers. Integrating emissions-reduction technology into its flagship offshore infrastructure positions the country as a leader in balancing fossil fuel output with cleaner operations, a narrative increasingly important in global energy markets.
The 15-year charter with Azule Energy provides predictable cash flows for Yinson Production and reassures lenders and partners of Angola’s commitment to stable, long-duration offshore contracts.

As carbon pricing and emissions standards tighten globally, early adoption of CCS offshore could give Angola’s oil sector a competitive edge in accessing capital from investors with strict Environmental, Social and Governance (ESG) criteria.

The Agogo FPSO project sits at the intersection of traditional oil economics and emerging decarbonization imperatives. While first oil remains the financial trigger for revenue, the addition of carbon capture technology signals a shift in how future offshore projects may be designed and financed.

By Cynthia Ebot Takang